Examples of Tranche A Bonds in a sentence
Mr. Moore said when this phase was originally designed it was a cul-de-sac, but was redesigned because the Commission wanted a looped street.
If the payment (whether in cash or in Tranche A Bonds) of any resulting Administrative Claim under clause (ii) exceeds the amount in clause (i), the provisions of Paragraph 10(c) of this Order shall apply.18.
No payments on Tranche B Bonds will be made until Tranche A Bonds are paid in full and will cease after the Tranche B Bonds mature, and then interest and principal will be paid only to the extent the Transition Charge collected is sufficient to make such payments; andFailure to make payments when due on the Securitization Bonds does not cause any increase in the Transition Charge or in interest rates on the Securitization Bonds.• Settlement Payments.
If the payment (whether in cash or in Tranche A Bonds) of any resulting Administrative Claim under clause (ii) exceeds the amount in clause (i), the Allowed Claim or the principal amount of Tranche A Bonds to be issued at Effective Date, as applicable, shall be reduced by the amount of such excess.
Increased Settlement Payments shall be applied (i) first on account of accrued and unpaid Administrative Claims (as defined below) (subject to any election to receive the Administrative Claims in Tranche A Bonds as set forth in Paragraph 14), and (ii) after payment of the Administrative Claims, to reduction of the Allowed Claim (as defined below) or amount of the Tranche A Bonds as set forth in the Definitive RSA.
The first US$10 million principal amount of Tranche A Bonds was drawn down on August 14, 2015 and a second tranche of US$8 million principal amount Tranche B Bonds was drawn down on November 10, 2015.
Supporting Holders would receive Tranche A Bonds in principal amount equal to 67.5% of total Applicable Bond Claims8 of Supporting Holders, 7 The rates for Transition Charge are set forth in the Recovery Term Sheet.
The term of the Tranche A Bonds is three years extendable for two one-year periods.
If it is assumed that they are going to earn an average interest rate of 7.85% [7.85% is the midpoint between the proposed coupon of 7.00% for tax-exempted Tranche B Bonds and 8.75% for non-tax exempted Tranche B Bonds], then the initial principal of $904.2 for Tranche B Bonds, will grow to become a principal of $20,226 million (for Tranche B Bonds) by the 40th year of the RSA Tranche A Bonds.
Redemption of the Tranche A Bonds was funded by a loan of US$11,300,000 from Primeline International (Holdings) Inc.